Historical Society Inc Watertown

Analysis

Historical Society Inc Watertown is a registered charity in United States, based in Watertown, CT. It received its IRS tax-exemption ruling in July 1968, 58 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Historical Society Inc Watertown reported income of $116k and spending of $51k, leaving 56% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income fell from $144k to $116k (-20%), an average of -4.3% a year. The sharpest change came in the year to August 2024, when income rose by 70%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society Inc Watertown sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include A Di Da Charitable Buddhist Association ($116k), Habitat for Humanity International Inc ($116k) and Global Harvesters Foundation Inc ($116k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 87% and program service revenue 8.2% of the total. At year end it held assets of $757k against liabilities of $0, net assets of $757k.